QuickBit eu Valuation

Q: What is the Fair Price of QBIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

QBIT (SEK3.35) is trading above our estimate of [[fair value]] (SEK2.04)

Is QBIT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of QBIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: QBIT (SEK3.35) is trading above our estimate of fair value (SEK2.04)

Significantly Below Fair Value: QBIT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QBIT?

Key metric: As QBIT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for QBIT. This is calculated by dividing QBIT's market cap by their current revenue.
What is QBIT's PS Ratio?
PS Ratio	0.5x
Sales	€88.20m
Market Cap	€39.69m

QBIT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	-6.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does QBIT's PS Ratio compare to its peers?

The above table shows the PS ratio for QBIT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3.3x
4C 4C Group	1.5x	20.0%	SEK 490.1m
GENE Genesis IT	3.5x	n/a	SEK 262.9m
SPEONE SpectrumOne	7.5x	n/a	SEK 117.5m
AVEN Avensia	0.7x	5.4%	SEK 295.5m
QBIT QuickBit eu	0.5x	n/a	SEK 459.1m

Price-To-Sales vs Peers: QBIT is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (3.2x).

Price to Sales Ratio vs Industry

How does QBIT's PS Ratio compare vs other companies in the SE Software Industry?

11 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.3x	15.5%
QBIT QuickBit eu	0.5x	n/a	US$41.78m
ARCA Arcario	0.4x	n/a	US$25.33m
SDS Seamless Distribution Systems	0.5x	4.0%	US$10.27m

11 Companies		Estimated Growth	Market Cap
Industry Avg.	2.3x	40.5%
QBIT QuickBit eu	0.5x	n/a	US$41.78m

No more companies

Price-To-Sales vs Industry: QBIT is good value based on its Price-To-Sales Ratio (0.5x) compared to the Swedish Software industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is QBIT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QBIT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate QBIT's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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